AVON, Conn., May 02, 2019 (GLOBE NEWSWIRE) -- EffTec International, Inc. (OTC:EFFI) a holding company designed to acquire and manage technology-centric health and wellness companies with related but distinct products, services, markets and opportunities, is pleased to announce that it has entered into an agreement with 32Group, Inc. headquartered in Paris, France. Majid Pishyar, Chairman and CEO of 32Group, will join EffTec’s Board of Directors to help the company expand its services internationally. Additionally, 32Group has made a $ 320,000 equity investment into EffTec at $ .15 per share.
“We are pleased to partner with such a prestigious international firm that is uniquely positioned within the major world economies,” commented EffTec CEO, Paul Cristiano. “The extensive global knowledge base of 32Group will assist us as we continue to grow domestically and internationally.”
32Group Chairman and CEO, Majid Pishyar, noted: “32Group offers its products and services across five continents. The important health and wellness work that EffTec is leading, aligns with our own company vision. We believe the model and products offered by EffTec are on point in today’s developing healthcare technology environment and as part of our commitment 32Group has completed a $320,000 investment in EffTec to help expand its global footprint.”
About EffTec International, Inc.
EffTec International, Inc. (EFFI: OTC) is a holding company featuring technology-centric direct-to-consumer and B2B health and wellness programs aimed at containing costs, improving productivity, and enhancing the quality of medical encounters. EffTec’s Strategic Business Unit, TeleCare Partners Group (https://www.telecarepg.com), develops and manages telemedicine programs for the eldercare sector, as well as for municipalities, and not-for-profit organizations. TeleCare Partners Group specializes in reducing unnecessary hospital readmissions at Skilled Nursing Facilities.
To better reflect its new technology-related business model EffTec International is in the process of changing its name to “Nexteligent Holdings, Inc.” and will secure a new ticker symbol.
Shareholders and interested parties seeking additional information can please call 844-777-0211 or email investor@teligentcare.com.
Press Releases may include forward-looking statements. In particular, the words “believe,” “may,” “could,” “should,” “expect,” “anticipate,” “estimate,” “project," "propose," "plan," "intend," and similar conditional words and expressions are intended to identify forward-looking statements. Any statements made in this news release about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Accordingly, you should not place undue reliance on these forward-looking statements. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law or those prepared by third parties that are not paid by the company.
Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although Efftec International, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, Efftec International, Inc. is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company’s ability identify a suitable business model for the corporation.
Media and Investor Contact:
Raymond Pomante
844-777-0211
investor@teligentcare.com